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Correlate Energy (Correlate Energy) Long-Term Capital Lease Obligation : $0.00 Mil (As of Mar. 2024)


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What is Correlate Energy Long-Term Capital Lease Obligation?

Correlate Energy's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil.


Correlate Energy Long-Term Capital Lease Obligation Historical Data

The historical data trend for Correlate Energy's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Correlate Energy Long-Term Capital Lease Obligation Chart

Correlate Energy Annual Data
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Long-Term Capital Lease Obligation
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Correlate Energy Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Correlate Energy  (OTCPK:CIPI) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

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Correlate Energy (Correlate Energy) Business Description

Industry
Traded in Other Exchanges
N/A
Address
220 Travis Street, Suite 501, Shreveport, LA, USA, 71101
Correlate Energy Corp Formerly Correlate Infrastructure Partners Inc, together with its subsidiaries, is a technology-enabled clean energy optimization provider that offers a complete suite of proprietary clean energy assessment and deployment solutions for commercial and industrial (C&I) building and property owners in the United States. Through the company's true tech-enabled project development and financing platform, it provides portfolio energy optimization and clean energy solutions for sustainable profit growth in buildings nationwide.
Executives
Eli Albrecht director 176 S. CAPITOL BLVD., 2ND FLOOR, BOISE ID 83702
Channing F. Chen officer: Chief Financial Officer 25 ARUNDEL RD, BURLINGAME CA 94010
G Robert Powell director P.O. BOX 1204, LAFAYETTE CA 94549
Matthew C Flemming director 18614 RESICA FALLS, HOUSTON TX 77094
Jason Loyet director 205 DEMONBREUN STREET, 1801, NASHVILLE TN 37201
Todd Robert Michaels director, officer: CEO and President 3212 S. EAGLE BROOK LANE, EAGLE ID 83616
Hunt Cory Gerald director 939 MAYDEL PALMER VISTA NORTH, LETHBRIDGE A0 T1H7B7
Newton W. Dorsett 10 percent owner 220 TRAVIS STREET, SUITE 501, SHREVEPORT LA 71101
Tim Burroughs officer: President, CEO 2717 SUN MEADOW DR, FLOWER MOUND TX 75022
Daniel R Robinson director 190 COYOTE COURT, ARGYLE TX 76226
Donald R Lawhorne director 2435 NORTH CENTRAL EXPRESSWAY, SUITE 200, RICHARDSON TX 75080
Kenneth Conte officer: Chief Financial Officer 12222 MERIT DRIVE, SUITE 1850, DALLAS TX 75251
Charles David York officer: Executive Vice President 5004 JOSHUA DRIVE, FLOWER MOUND TX 75028
Sherri Cecotti officer: Vice President 3030 LBJ FREEWAY, SUITE 1320, DALLAS TX 75234
Bernard O'donnell director 3505 WOODHAVEN DRIVE, DALLAS TX 75234

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